Encore Bancshares Inc. of Houston has filed a shelf registration with the Securities and Exchange Commission to raise up to $75 million in capital.
The parent company of the $1.6 billion-asset Encore Bank said that, though it has no immediate plans to do so, it will make offerings from time to time to help redeem its $34 million in preferred stock in the Troubled Asset Relief Program and to pursue other opportunities.
Encore plans to raise the capital by selling a combination of debt securities, common and preferred stock, warrants, depositary shares and units.
"While we have no definitive plans to raise capital at this time, we believe this registration statement will enhance our ability to quickly raise capital at a later date," Encore Chairman and Chief Executive James S. D'Agostino Jr. said in a press release.
